Press release
Polyisobutylene Market to grow at 5% CAGR by 2024 | Key players are ExxonMobil Corporation, BASF, Lanxess, INEOS, The Lubrizol Corporation
Polyisobutylene Market
Polyisobutylene holds higher growth indicators from medical packaging industry for its widespread applications in saline bottles, seals and serum vials. Chemical resistance capability against air, gases and moisture coupled with low absorptivity are the characteristics that will drive the global polyisobutylene market in coming years.
Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/1137
Polyisobutylene Market is projected to exceed USD 2 billion according to this new research report. The major driver to the growth of the market is projected to be the ever-increasing demand for Polyisobutylene (PIB) in sealants & adhesives industry in the forecast period.
Healthy growth in sealants & adhesives business is estimated in the near future because of the extensive applications in industries such as construction, automotive and packaging for the activities like insulation, flooring, roofing and partitions. These growth trends will have a positive influence on the Polyisobutylene Market by 2024.
In 2015, the global adhesives market generated revenue about USD 25 billion and is expected to surpass USD 35 billion in the forecast period. The product bears bright growth aspects in adhesives industry for its superior characteristics such as adhesion, stability, tackiness and moisture resistance.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1137
Global tubes and tires industry is probable to increase by over 5% CAGR by in forecast timeframe. On account of its water-resistant characteristics, the product is likely to witness higher demand from the tire and tube manufacturing industries by 2024.
High molecular weight held the largest share for polyisobutylene market in 2015, owing to its extensive applications in automotive and sealants industry. The product will have high demand for electrical wire coatings manufacturing for its features like superior flexibility, light weight and dielectric characteristics. Medium molecular weight is expected to grow with 5% CAGR in the forecast period.
In 2015, the automotive segment had over 50% of global PIB market share. The product characteristics such as ozone resistance, higher damping and higher inflation pressure capacity will drive its demand from the tires and tubes manufacturing industry in the coming years. Adhesives will witness maximum growth over 4.5% in the forecast period.
Request for customization of this report @ https://www.gminsights.com/roc/1137
Asia Pacific region contributed highest share for Polyisobutylene Market in 2015. Strong prevalence of tube and tire manufacturing businesses in China, India, Indonesia and Malaysia coupled with rising automotive sales will drive the regional PIB market.
Key industry players are ExxonMobil Corporation, BASF SE, TPC Group, Kothari Petrochemicals, Lanxess AG, Chevron Oronite Company LLC, INEOS, Infineum International Ltd., The Lubrizol Corporation and Berkshire Hathaway Inc. extensive R&D by industry participants towards developing sustainable disposable measures will create new growth prospects by 2024.
Contact Us:
Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Polyisobutylene Market to grow at 5% CAGR by 2024 | Key players are ExxonMobil Corporation, BASF, Lanxess, INEOS, The Lubrizol Corporation here
News-ID: 1873039 • Views: …
More Releases from global market insights
Acoustic Diaphragm Market slated to observe traction for polypropylene material …
With a seismic rise in the demand for consumer products such a loudspeakers, mobile phones and earphones, acoustic diaphragm market size is slated to surge in the next five years. Notably, acoustic diaphragm tends to inter-convert mechanical vibration to sounds and has become highly popular in headphones and speakers.
Market penetration of materials such as paper, polycarbonate, polypropylene, carbon fiber and aluminum has become more pronounced in the past several…
How will increasing demand for stainless steel transform the Ferroalloys Market …
One of the recent breakthroughs in the global ferroalloys market is the potential acquisition of Ferro Alloys Corporation by Vedanta- a natural resource company early this year. As per reliable sources, the acquisition is expected to complement Vedanta’s current steel business considering the fact that integration of Ferro manufacturing capabilities would offer the possibility to generate significant efficiencies.
Meanwhile, yet other company, Boston Metal has declared having raised over USD 20…
Polyphenylsulfone Market 2021 | Regional Insights & Growth Forecast To 2025
The polyphenylsulfone market will witness significant expansion with the rise in healthcare concerns and the growing requirement for biocompatible products. Polyphenylsulfone is a high-performance thermoplastic that is amorphous, heat-resistant, and transparent. It showcases high sterilization properties and is widely employed as an alternative for polyetheretheketone and polyaryletherketone. Furthermore, the polymer sees large adoption across various verticals of the healthcare sector to offer superior dimensional stability and higher resistance against…
Cosmetic Contact Lens Market 2021: Industry Growth, Competitive Analysis, Future …
Increasing trend of using colored contact lenses may have a positive impact on cosmetic contact lens market outlook. Rising popularity of customized lenses with attractive colors, shades and textures for improving eye appearance is likely to propel industry size. Proliferation of entertainment, online and social media platforms are helping boost the adoption of such lenses.
Cosmetic contact lenses are available in several colors such as blue, green, brown, hazel, grey, violet…
More Releases for Polyisobutylene
Polyisobutylene Phenol Market 2022 | Detailed Report
The Polyisobutylene Phenol research report combines vital data incorporating the competitive landscape, global, regional, and country-specific market size, market growth analysis, market share, recent developments, and market growth in segmentation. Furthermore, the Polyisobutylene Phenol research report offers information and thoughtful facts like share, revenue, historical data, and global market share. It also highlights vital aspects like opportunities, driving, product scope, market overview, and driving force.
Download FREE Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=5390010…
Polyisobutylene Market at a CAGR of 5.60%
Transparency Market Research (TMR) witnesses the global polyisobutylene market has a highly fragmented competitive scenario. Some of the companies operating in the global polyisobutylene market are Lanxess, Nizhekamskneftekhim, and ExxonMobil Corp. accounted for 65% in 2016. The key players in this market have taken up profoundly imaginative marketing systems, for example, incorporated tasks with licensed innovations for the further advancement of their organizations. These organizations are additionally expected to forcefully…
Polyisobutylene Market Foreseen to Grow Exponentially by 2025
Overview
TMR’s report on the Polyisobutylene Market is an all-important tool for stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services.
Our research report on the Polyisobutylene Market serves as a valuable guide for stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Polyisobutylene Market over the forecast period. These indicators help…
Polyisobutylene Market to Develop Rapidly by 2024
The global polyisobutylene (PIB) market is featured by a high degree of consolidation with a handful of multinational players that operate in global markets and occupy leading market shares, observes Transparency Market Research in one of its recent reports. In the coming years, however, participation of new entrants predominantly in Asia is likely to alter the scenario, thereby altering the market share of leading players.
View Full Report:
https://www.transparencymarketresearch.com/polyisobutylene-market.html
Key players…
Polyisobutylene Market: Latest Trends,Analysis & Insights 2025
Transparency Market Research, as per one of its recent reports, observes the global polyisobutylene (PIB) market to be highly consolidated with a handful of multinational players that operate globally and occupy leading shares. However, the scenario is expected to change with the emergence of aspiring players from Asia that may alter the market share of leading players.
BASF SE, The Lubrizol Corporation, TPC Group Inc., INEOS Group Ltd, Kothari Petrochemicals Limited,…
Polyisobutylene Systems - Global Industry Analysis 2023
The global market for polyisobutylene shows a high degree of consolidation with a small number of players controlling the business dynamics. In 2014, the top three players, namely, ExxonMobil Corp., Lanxess, and Nizhekamskneftekhim, collectively held a share of 65.5% in the overall market. A strong global presence has supported these companies to acquire the leadership.
Leading players in this market have adopted highly innovative marketing strategies; foremost of them is…
